TaskUs Inc. has agreed to a $17.5 million settlement to resolve a class action lawsuit alleging the company and certain executives violated federal securities laws. The plaintiffs claimed TaskUs made false or misleading statements about its company culture, employee attrition rates, and Glassdoor ratings, which allegedly caused investors to suffer financial losses.
Who Is Eligible?
You may qualify for compensation if you:
- Purchased or otherwise acquired TaskUs Class A common stock between June 11, 2021, and January 19, 2022, and suffered damages
- Acquired TaskUs Class A shares pursuant to or traceable to the IPO or secondary offering registration statements, and also suffered damages
Both individuals and institutions are eligible, including those who bought shares through brokerages or other intermediaries.
How Much Will Class Members Receive?
Payouts will be made on a pro rata basis from the $17.5 million fund. The amount each claimant receives depends on:
- The total number of valid claims
- The number of shares purchased and sold
- The timing of those transactions
- The price paid to acquire and/or received upon selling the shares
Final payouts will reflect each claimant’s calculated loss relative to the overall pool of claims.
How to File a Claim
Claims must be submitted or postmarked by October 6, 2025.
You can:
- Submit a claim online
- Download and complete a PDF claim form and mail it to:
TaskUs Securities Litigation Claims Administrator
c/o Epiq Class Action & Claims Solutions Inc.
P.O. Box 4518
Portland, OR 97208-4518
Documentation Requirements
Claimants must provide:
- The last four digits of their Social Security number or taxpayer ID number
- Their account number(s)
- Supporting documents such as:
- Broker trade confirmations
- Monthly account statements
- Other documentation showing purchases, acquisitions, or sales of TaskUs Class A stock during the class period
Failure to submit required documents may result in rejection of the claim.
Payment Method
Eligible class members will receive their settlement payments by paper check.
Settlement Fund Allocation
The $17.5 million settlement will be distributed as follows:
- Up to $100,000 for settlement administration
- Up to $5.25 million for attorneys’ fees
- Up to $980,000 for attorneys’ litigation expenses
- Up to $17,000 each for class representative service awards
- Remaining funds will be distributed to eligible claimants
Key Deadlines
- Exclusion (opt-out) deadline: August 21, 2025
- Claim submission deadline: October 6, 2025
- Final approval hearing: October 16, 2025
When Will Payments Be Sent?
Payments will be made after the court grants final approval of the settlement and any appeals are resolved. Timing may vary depending on the legal process.
Why Is There a Settlement?
The lawsuit accused TaskUs of making misleading public statements about its work culture and employee metrics, which plaintiffs say misled investors and inflated the company’s stock price. TaskUs has denied all allegations but agreed to the settlement to avoid further litigation costs and delays.
Settlement Status: Open for Claims
Award: Varies by individual loss
Claim Deadline: October 6, 2025
Sources:
Please be aware that your claim form will be rejected if it contains fraudulent information. By submitting your information and your sworn statement of its accuracy, you are agreeing to do so under penalty of perjury. Submitting false information not only jeopardizes your claim but also affects others who are genuinely eligible for the settlement. If you are uncertain about your eligibility for this class action settlement, please visit the class action administrator’s website for more information. Note that NoProofClassActions.org participates in the Amazon affiliate advertising program, and this post may include affiliate links, which could result in us earning a commission if you make a purchase through those links.
